PJT RSSG vs. EVR RX for Lateraling

Am at PJT but on the M&A side - can tell you that the culture on the RSSG side seems fantastic. If we are really splitting hairs here, might be worth going to RSSG just to have a better time if what you hear about EVR is true.

Lateraling not really up to you, more so which one has openings and if that window matches your move timing.

Can I get an offer?

Both of ur comments are directionally correct but somewhat exaggerated. I used to work at one and have a very close friend who work/(s) in the other.

PJT class has been somewhat diluted as they aggressively pushed out of non-targets. But the analysts are still some of the strongest across the street and even the non-targets they hire are very very good. Although exits differential to rest of street isn’t what they used to be (particularly for on cycle), they are still one of the best exiting groups. At the associate level, have heard it’s a very mixed bag and quite political. Handful of incompetent MBA associates, who are able to curry favor and stick around (which obviously increases strain on the more competent associates). Fortunately, analysts do a good job of “playing up” which makes it suck but not terrible. One consideration is that the group is a little more buttoned up about retaining associates+, so if RX is a stepping stone you are less likely to get any type of “PJT premium” on the exit opps (esp since associates are perceived as lower quality relative to the group’s analysts, experience adjusted).

Relative to the Street, EVR RX is definitely a much more bookish/nerdy group (but only slightly more than PJT RSSG tbh), but the ppl I’ve interacted with / was told about were nice, if just a bit socially awkward. The recent classes have been a bit more extroverted (travel together, golfing tg, etc.) but have heard sociability is highly class dependent. From when I’ve interacted with them, other than a few of the lower bucket / non-targets who have a chip on their shoulder and can be insecure about it, it’s not a sharp elbows place (all analysts get great on cycle exits/ off cycle looks so they’re not competing). Since COVID, group has apparently been informally WFA, w most people showing up to the office on TWTH and jrs leaving around 8/10ish on average. At the associate level, have heard it’s much more sweaty; it’s no secret the group has lost a few associates (in part because they exit to p strong credit shops like Monarch and Golden Tree). Similar to PJT, the experience is made substantially better by the quality of strong analysts.

If you’re recruiting as a jr lateral now, more likely that EVR will have a spot than PJT. Echo what others have said, if ur fortunate to get one of them and ur passionate about RX, would j take whatever u get.